Lincat Group Share Discussion Threads

[albcamus] 12/4/2010 15:52

Another long-term holder here, bought in at 450p. I'm not too bothered about the spread because I am not in a rush to sell out.

[wjccghcc] 10/4/2010 12:24

Agree with davidosh. Also held on and off since 2005 but managed to add quite a few in the 340-450p range last year. Well run with extremely strong cash generation which makes a bid very possible should the family want an exit.

[philo124] 09/4/2010 12:20

Thanks a lot. Am building my own AIM portfolio for IHT purposes and i may buy here but today the spread i was quoted of 500/550p was such that i will wait
for this to narrow. I held this stock a long time ago and did quite well out of it.

[davidosh] 09/4/2010 12:15

I am a long term holder....I have held for about five years. Nice solidly run family backed company paying a good dividend. My type of small cap AIM holding. They have done very little wrong here.

[philo124] 09/4/2010 12:01

Anybody in here?

[cwa1] 10/12/2009 16:10

Trading Update


Lincat, the AIM-listed manufacturer of commercial catering and bar equipment, is
today updating the market on current trading in advance of entering its close
period on 1 January 2010.


Group turnover in the second half of 2009 has been higher than expected, driven
by a strong recovery at Lincat Ltd following marketing initiatives earlier in
the year. Headline operating profit for 2009, before interest, tax and the
profit on disposal of Mercury, will therefore be ahead of market forecasts and
is expected to exceed GBP4.0m.


Martin Craddock, Chairman, cautioned that challenging trading conditions
remained: "The lack of order visibility within our businesses makes it
impossible to call future trading with any certainty, as customer demand remains
generally subdued and order intake trends vary across the Group."

[albcamus] 27/8/2009 17:31

This is from Hoodless Brennan:

Lincat (LCT, 435p, £23.64m) Interims to June 2009 announced with sales of £14.97m (£16.30m) which represented a considerable improvement on the first 2 months of the year, when sales were down well over 15%. The use of dealer incentives reduced pre-tax profits to £2.1m (£2.6m) giving EPS of 26.9p (34.4p) from the continuing operations following the sale of Mercury during the period.

The interim dividend is maintained at 10.2p. A strong performance has been slightly offset by the pension fund deficit which has increased from £0.27m a year ago to £1.0m at the interim stage. The existing forecasts of around £3m pre-tax with 40p EPS seems light, especially in light of a lower overall debt as well, we expect forecasts to rise towards the £4m which would imply EPS around 51p – putting the group on a 8.5x prospective multiple with a yield, assuming a Held final as well of 6.6% (based on a yr total of 29p). The performance has surprised and we happily move the share from a Hold to BUY, with a price target of 522p which would be a yield of 5.5% and a prospective PER of 10.2 times.

[wjccghcc] 27/8/2009 10:33

Agreed. Looks like Q2 was actually quite strong. Added at 460p.

[albcamus] 27/8/2009 06:17

Pretty good interims with the dividend held despite tough trading. Sales recovery in Q2 should hopefully get the share price moving today.

[loryd] 03/6/2008 16:45

The recent trading statement suggested harder times and the pub sector certainly looks in short to medium-term trouble. But Lincat seem pretty shrewd, their products seems respected, they'll have cash again soon and the shares are cheap even if the next 12 months or so may contain bad news. Also in the annual report they say the freehold is worth more than book value, so all in all a long-term good, if unspectacular and illiquid share.

Also see Castings (CGS) for a similar profile - unloved but cash-rich, well-managed and, vitally, well-respected by customers.

[saint or sinner?] 01/4/2008 08:09

Preliminary results for the 18 months to 31 December 2007

Summary of the Group's performance and activities:

• 32% increase in headline operating profit from £4.502m to £5.955m
• 42% increase in headline earnings per share to 63.8p
• Final dividend of 18.2p announced, giving a total dividend for 2007 of
28.0p
• 10% increase in Group sales to £34.5m, with strong growth at IMC (13%)
and Britannia (46%)
• Britannia occupying new freehold premises from January 2008

[jackal2] 08/3/2008 10:58

anyone here work at lincat in lincoln?

[domwilliams] 04/3/2008 12:34

Results for 18 mths to 31/12/ due out on April Fools Day.

[harrogate] 25/2/2008 10:22

Hi

I used to hold these a while back

Great company - Did you contact them - they are usually pretty talkative.

Am I right in thinking that if we take the pre exceptional costs profit from the last 12 months accounts to June 07 and the reduced number of shares we get EPS of 70p + and they said later that Q to Sept was well above previous year?

Lets say 75p gives P/E of 7 to 8 ??

This would be as cheap as they have been for many a year

[davidosh] 16/2/2008 11:25

Has anyone any news about the property sale ? Have there been any new products launched ? Anyone follow these....no posts for six months ?

Results due very soon I think....Anyone have an exact date ?

I will try to contact the company on Monday if nothing known here

[wjccghcc] 20/9/2007 10:35

Back in these this am having been out for 2 years. With the share buyback of 26% of the shares, EPS should rise to nearer 60p putting them on a PE of 10. The debt will be predominantly paid off by the property sale and the outlook is pretty positive. Now on AIM, I'd say the management rank among the most solid, important if you're looking for a dependable stock to give 10% a year capital growth and IHT exemption. Yield not bad either.

[volsung] 13/4/2006 09:36

Tipped by MF I believe.

[saint or sinner?] 13/4/2006 08:31

Tipped somewhere? Or more likely about to be tipped somewhere?

0 ;-D

Saint

[saint or sinner?] 13/4/2006 08:29

Interesting spike up this morning for this sleepy little share - anyone aware of anything?

0 ;-D

Saint

[tole] 13/4/2006 07:22

Lots of small trades highlights a tip somewhere to me...

[liarspoker] 13/4/2006 07:15

Go Tole !!!!